Powertrend - Volume Range Filter Strategy [wbburgin]

Script from: TradingViewSwingBreakoutTrend followingVolume

The Powertrend - Volume Range Filter Strategy leverages volume data to identify trends, offering potentially greater accuracy than traditional price-based filters. It's a long-only breakout strategy, optimal for trending markets with high volume. Key entry and exit points are dictated by the crossing of price over range bands, with adjustable settings like Length, ADX Filter, and Range Supertrend to refine signals. The strategy requires customization for take profits/stop losses and may benefit from higher timeframe application to account for fees and slippage.

Audit verdict

Not rankedUpdated Jul 28, 2026

No reliable edge found

Its average result can't be told apart from chance, so it stays out of our rankings. The script itself passed our repainting audit.

2,026backtests3 markets

30robust scoreranked median 52

0.43p-valueranked median 0.24

0/83pass quality gatebacktests >15 trades

Audit details

How we decide whether a strategy enters our rankings. Read the methodology →

✓

Repainting audit

8 of 8 checks passed.

✓

Script availability

Open-source, still published on TradingView.

Statistical edge

Average t-statistic 0.96 (p = 0.43), below the median of 1.98 (p = 0.24) for ranked strategies.

Quality gate

None of the 83 backtests with more than 15 trades passes our quality gate.

Robust score

30/100, below the median of 52 for ranked strategies.

How its evidence compares

The t-statistic measures how far the average result sits from zero relative to its noise. Below about 2, it is within what random entries produce.

0.96

avg. t-statistic

1.98

median, ranked strategies

Best 5 of 2,026 backtests

Shown for transparency.

Symbol	Timeframe	Net profit	Profit factor	Trades	Max drawdown
Caterpillar, Inc. NYSE:CAT	15m	+27,501%	1.79	109	77%
Fetch.AI / TetherUS BINANCE:FETUSDT	1D	+2,036%	1.20	17	82%
AVAX / TetherUS BINANCE:AVAXUSDT	4H	+1,909%	1.11	92	77%
Ethereum / TetherUS BINANCE:ETHUSDT	4H	+1,493%	1.26	148	60%
Cronos/Tether OKX:CROUSDT	4H	+1,463%	1.30	109	63%

⚠Selected after the fact: these are the best 5 of 2,026 runs, not what to expect from this strategy.

Is Powertrend - Volume Range Filter Strategy [wbburgin] profitable?

Not reliably, based on our tests. Across 2,026 backtests, 0 of 83 with more than 15 trades pass our quality gate. The best result is +27,501% on Caterpillar, Inc. (15m, 109 trades). On average, its results are statistically indistinguishable from chance (p = 0.43).

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